The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 13, 2021
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
NY Pension Fund Advisor Buys 389-Unit AZ Res Property


Almeria at Ocotillo, a 389-unit multifamily property in Chandler, AZ, was acquired by a New York-based pension fund advisor. The property was sold by Passco Companies.

Built in two phases in 2014 and 2015, Almeria at Ocotillo is a luxury apartment community featuring Santa Barbara-style architecture and resort-style amenities, including two swimming pool areas, two full resident clubhouses, two state-of-the-art fitness centers with yoga studios, pool-side open-air dining with gas barbeques, children’s playground and splash pad, and a pet park.

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented Passco in the deal. A price was not disclosed.

“This transaction is a testament to Phoenix’s strong economic fundamentals and continued population and job growth,” said Cunningham. “High quality and outperforming assets in Phoenix, like Almeria at Ocotillo, attract significant interest from investors.”

Phoenix recorded the eighth-highest rent growth out of all U.S. metros in the fourth quarter with a 4.5% year-over-year increase.

Return to the previous page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media